indiamarketoutlook

indiamarketoutlook

Nifty CMP 10302 Nifty may fall up to 10220 / 10180 Stop loss 10330 Alternatively Consider selling Nifty 25 June expiry 10400 Call option around 75 Target 36 / 18 / 0 Stop loss 100

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ICICI PRU LIFE CMP 398.65 We observe - range bound activity in ICICI Pru Life for the June series so far - the stock looks likely to test 416 in coming days - support at green line Given the chart set up One may consider selling ICICI Pru Life 380 Put option around 7.5 Yield potential of 5% til 25th June 2020 Loss protection for a fall in price up to...

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HPCL CMP 219.6 Till the time HPCL holds 214-212 zone it has doors open to test 228 / 236 ------------------------------------------------------------------------------------------------------------- Alternatively one may consider selling 215 Put Option around 4.5 Lot size 2100 Max profit potential 9450/- per lot Yield potential of 5.5% on Capital. In built...

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It's a lazy weekend & Imagine you are watching a Hindi movie especially an old Hindi movie. The film starts with all happy happy moments and then slowly things start to fall apart. Fast forward a little & all the bad thing that could happen, starts happening to the hero or hero’s family. In between, some side actors pop up to give us one or 2 lighter moments in...

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Nifty CMP 10255 Strategy for 25 June expiry One may consider selling Nifty 9700 Put option (CMP 82) & Nifty 10600 Call option (Closing price 102) A combine sell price of 184 would have a Max Profit potential of 75*(184) = Rs 13800/- & yield potential of approx. 5% till 25 June 2020 Loss in strategy if Nifty closing is above 9780 or below 9520.

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UPL CMP 426 The stock is trading in blue channel. There is a possibility of stock coming towards lower end of the channel. Given the view one may consider selling UPL 450 Call option around 12.5 Lot size 900 Max profit potential Rs 11250/- per lot. Take care & safe trading...!!!

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DLF CMP 156.80 Cash target 151.50 / 142 SL 160 ---------------------------------------------------------------------------------------- Alternatively, consider selling Dlf 170 Call option Cmp 3.95 Max profit potential Rs 13035/- per lot. Loss protection for a rise up to 173.95 till 25 June 2020 Take care & safe trading

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Nifty cmp 9675 Chart explains everything. Given the setup One may consider selling Nifty 9300 Put around 65 Exit If Nifty closes below 9520 The strategy will be in loss if 18 Jun expiry closing is below 9235. However we would be skeptical if Nifty closes below 9520 giving us ample opportunity to adjust. Take care & safe trading...!!!

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RBL Bank Cmp 171 The stock is now trading near important resistance level. Given the set up, one may consider selling RBL Bank 200 Call option around 8 Lot size 1500 Max profit ptential Rs 12000/- per lot Yield potential 10.35% approximately till 25 June Loss protection for a rise in price up to 208 on 5 June Take care & safe trading...!!!

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Nifty CMP 10121 The broader range looks likely to be between 10280 - 9955 Given the view one may consider selling Nifty 10250 Call option around 40 & sell Nifty 9950 Put option around 24 Max profit potential 75*(36+24)= Rs 4800/- Loss in strategy if Nifty closes below 9886 or above 10314 Cautious if Nifty starts sustaining above 10203-10220 levels or starts...

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ICICI BANK CMP 348 - We observe that the stock has spent majority of the time in the channel between 320-380 Given the view one may consider a Short strangle strategy in ICICI Bank Sell ICICI Bank 320 Put around 8.5 & Sell ICICI Bank 380 Call around 8.5 Lot size 1375 Max profit potential 1375 *(8.5+8.5) = Rs 23375/- Yield potential approximately 10% till...

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BPCL CMP 350.5 - the stock has taken resistance exactly at 76.4% retracement at 355 odd levels - given the set up one may consider to 370 Call option currently at 12 Lot size 1800 Max profit potential Rs 21600/- per lot (yield potential of 8% til 25 June) In built loss protection for a rise up to 382 in spot price Take care & safe trading.

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Nifty We had mentioned in our earlier post that Nifty expiry might be capped at 10058 and that is where we are seeing Nifty trading on expiry day. We already have our strategy in place. Not expecting fireworks today. Prima facie Nifty closing likely to be between 10100 - 9980 Plan your trade accordingly. Take care & safe trading.

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Vedanta On 20 May we had recommended this idea as cash buy for a target of 97.5 & above 98 for extended target of 102 / 104. - first we observed Vedanta trading in upward channel highlighted by the blue lines - we got further cues from trading pattern observed at the green gap zone - it acted as resistance on previous 3 occasions & there was signs of gap...

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Vedanta CMP 88.60 Last time we had given a buy above 95.65 but trade never got triggered. Now the price has corrected & is in sub 90 levels This is for positional cash buying. Consider buying in staggered manner. - one at current price (88 is average for current month) - use 2nd part only if Vedanta comes at channel support & we see a reversal from...

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LIC HSG FIN Cmp 260.8 Around 266-267 is an important level which may act as resistance Given the setup, one may consider selling LIC HSG FIN 25 Jun expiry 280 Call option currently at 11 Max profit potential Rs 14300/- per lot (yield potential of 14% approximately) till 25 June. More importantly, In built loss protection for rise in price up to 291 in...

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Nifty Closing price 9826 For 02-June Important resistance 9860-9880 / 9920 / 9990 / 10058 Important support 9780-9766 / 9733 / 9705 / 9682 Range for 04 June 2020 expiry Upper range likely capped at 10058 till 04 June 2020 On the lower side 9682-9705 may likely act as support. Take care & safe trading...!!!

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Maruti Cmp 5126 On daily charts we observe 3 white soldiers candlestick pattern Any dips towards 5080-5050 may be considered as entry opportunity Target 5350 / 5575 / 5633 / 5820 SL Short term traders can keep SL @ 4980 Medium term play ( target 5620) - SL if closing below...